Connectus Global, a Calgary, Canada-based provider of real-time location tracking, worker safety, productivity and process automation solutions for energy, industrial and mining sectors, closed its seed round of financing.
The round, of undisclosed amount, was led by CSL Ventures, the venture capital arm of energy services private equity firm CSL Capital Management.
The company intends to use the capital to support the rapid market expansion of its suite of digitized workforce management product offerings.
Led by Mike Anderson, CEO, Connectus is leveraging digital technologies for improved safety and productivity in the work place, and provides a range of products such as advanced Ultra-Wideband real-time location tracking systems, document digitization and electronic permitting for identity, access and certification of data, and business continuity solutions for facilitating safer operations and a streamlined return to work. The company’s systems automate manually-intensive facility oversight and data administration processes, and reduce operating costs and risks, especially in hazardous environments such as refineries, petrochemical plants, mines, manufacturing facilities. With a focus on industrial data security and shareability requirements, Connectus is also partnering on a project to employ blockchain networks and applications as the foundational infrastructure for its systems.